Former Bittrex Execs Raise $40M in Bitcoin to Back Barbados-Licensed Insurance Firm
Portfolio Pulse from
Former Bittrex executives have launched Tabit Insurance, a Barbados-regulated insurance company that raised $40 million in bitcoin reserves. The firm aims to offer traditional insurance policies priced in USD, backed entirely by bitcoin, and allows bitcoin holders to contribute to segregated reserve cells with potential 10% yields.
March 24, 2025 | 1:15 pm
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POSITIVE IMPACT
Tabit's innovative approach demonstrates a new use case for bitcoin as a reserve asset in insurance, potentially increasing institutional interest and demand.
The news highlights bitcoin's potential as a serious financial asset beyond speculation, which could drive positive market sentiment and increased institutional adoption.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80